Ameztoi Joins Forces with Urkabe Benetan to Dominate Spain's Pre-Cooked Meals Sector
Deal News | Jun 05, 2025 | IMAP Netherlands
In a strategic move to become a key player in Spain's pre-cooked meals sector, Basque companies Ameztoi and Urkabe Benetan have announced their merger. Urkabe Benetan, owned by Stellum Food&Tech since 2024, will incorporate Ameztoi, with the Ameztoi family becoming shareholders and maintaining operational leadership. The newly formed group aims to diversify its product offerings across retail and horeca channels while also pushing for international market growth. Together, the companies anticipate generating over €40 million in combined revenue and employing 150 staff across two production sites.
Sectors
- Pre-Cooked Meals
- Food & Beverage
- Mergers & Acquisitions
- Retail and HORECA
Geography
- Spain – Both Ameztoi and Urkabe Benetan are Basque companies operating in the Spanish pre-cooked meals sector.
- Basque Country – The companies involved are Basque entities, indicating regional significance to this area.
Industry
- Pre-Cooked Meals – The article involves companies Ameztoi and Urkabe Benetan, which are both part of the pre-cooked meals sector in Spain.
- Food & Beverage – Stellum Food&Tech's ownership of Urkabe Benetan positions these operations within the broader Food & Beverage industry.
- Mergers & Acquisitions – The merger between Ameztoi and Urkabe Benetan is a strategic integration, relevant to M&A activities.
- Retail and HORECA – The new group aims to diversify their product portfolio across retail and hospitality channels, indicating relevance to this sector.
Financials
- Over €40 million – The combined turnover of Ameztoi and Urkabe Benetan.
- 150 professionals – The number of employees the merged companies will have across their facilities.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ameztoi | Integration partner and target company | Company | A Basque company in Spain's pre-cooked meals sector, now merging with Urkabe Benetan. |
| Urkabe Benetan | Acquiring company | Company | A Basque company also in the pre-cooked meals sector, owned by Stellum Food&Tech since 2024. |
| Stellum Food&Tech | Parent company of Urkabe Benetan | Company | Owner of Urkabe Benetan, facilitating the merge with Ameztoi. |
| IMAP Netherlands | Advisory firm | Company | Advised Ameztoi on its integration with Urkabe Benetan. |
| Ameztoi family | Shareholders and operational leaders | People | The family will hold shares and continue to lead operations at Urkabe Benetan. |